Category: How To Flip a House

When setting out in the business of flipping foreclosures, real estate investors can pursue different strategies to maximize profits.

But how can you determine upfront which one will work best?

Among the different strategies are:

- Buying houses that need a lot of fix up work for bottom dollar, add value by fixing and resell
- Buying houses in good condition that need little work and sell either as is or after a few improvements have been made
- Buying high-end homes that have a high dollar amount of profit potential
- Buying low-end homes that have limited risk exposure

And many more…

All these strategies have a different mix of appeal, risk, competition, need for capital. I read recently on Investor’s Business Daily that the strategy to sell high is a great one, and to be able to do that the house should be nice, and in good condition when you buy it.

A quote from that article states that “Nice foreclosed properties are harder to find. The number available to foreclosed-property investors has slid 25% to 50% in the past six to eight weeks, he estimates. And competition among flippers has heated as large companies have gotten into the market to become landlords.”

This is the case in Riverside County, one of the most depressed areas in the country, second only to some counties in Florida.

Profits are waiting in each of these niches. Don’t hold yourself back thinking this or that strategy is the only one or even the best one. Choose the ne that’s most appealing to you, do some research and start moving.

What DOES matter is that you figure out who your buyers are, and what they need and want.

So, I thought about it – for you…

And I came up with this idea.

A big hickup of getting started in wholesaling is the fact that you are misguided to build “buyers lists”.

But what happens when you just do that (without figuring out WHO your buyers are first) is that you build a list of a bunch of wholesalers who are in no different position to actually “buy” anything than you are.

So – at best – you have a chain of wholesalers sending around “flex options”.

And even if they’d ever get an actual deal done (because someon by accident has an actual buyer on the hook), it would translate into a $127.85 split for each wholesaler in the chain.

Jamel Gibbs is a seasoned wholesale investor who is tapping into social media networking in order to build his lists of sellers and buyers.

In fact, in his free video he explains in detail how to use the Facebook to build a massive buyers list in no time at all. Facebook has a little known feature called “groups” that allows you to locate and contact people who have a matching interest on Facebook.

Jamel has developed this feature for his real estate flipping business and boiled it down into a simple step-by-step process that you can easily use yourself.

Stay tuned for more reports and training videos on how to flip a house. If you would like to grab the “Flip For Profit Give-Away” Video, click here <== LINK!

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